The San Carlos Real Estate Week in Review: 6/27/22

June 27, 2022

Week-in-review-2

The Recap:

The inventory of single family homes for sale in San Carlos continues to creep upward as we get into the heart of the summer selling season. As of this morning, there are 26 homes for sale which is easily the highest number we've seen for quite a few months. This was bolstered by an surprisingly large number of listings (8) to hit the market last week, with only 3 homes being put into contract. Despite the economic challenges that the market is facing, sales prices are still holding relatively well for now – the homes that closed escrow this past week averaged 104% of their respective list prices, despite the fact that two of them closed below list.

You can expect to see more of the same in the coming weeks' sales numbers. Some houses will be closing under their original asking prices, and for those that do fetch a premium, don't expect to see huge double-digit gains like we grown accustomed to in San Carlos.

Here are the sales numbers from last week:

At A Glance

This is a high-level view of the market performance for single-family residences (SFR) in San Carlos. This data is for the 7-day period ending Sunday 6/26/2022:
San Carlos SFR Data6/26/22Previous Week
Number of Closed Sales:510
Average Sold Price:$2,530,000$2,737,500
Median Sold Price:$2,850,000$2,360,000
Average % Sold vs Orig List Price:104%109%
Average DOM of Closed Sales1411
Average $/Sq Foot (Sold)$1,391$1,525
Listings put into Contract:37
Total Homes Pending Sale:1315
New Listings:84
Total Active Listings:2621
Average Price of Active Listings:$2,863,073$2,918,661
Average DOM of Active Listings:2221
Average $/Sq Foot (List)$1,253$1,244

517 Pearl Avenue

San Carlos Single-Family Residences Sold

Below is a list of the single-family home contracts that closed escrow this past week in San Carlos. Click on the address of each to see the complete details.
AddressSold PriceOrig. ListPremium Over List$/sq footDOM (days)
517 Pearl Avenue$3,750,000$3,398,000+$352,000 (+10.3%)$1,4155
2622 Thornhill Drive$2,900,000$3,148,900-$248,900 (-7.9%)$1,16517
2160 Greenwood Avenue$2,850,000$2,995,000-$145,000 (-4.8%)$1,44721
2088 Brittan Avenue$1,700,000$1,649,000+$51,000 (+3.1%)$1,66718
1675 Brittan Avenue$1,450,000$1,200,000+$250,000 (+20.1%)$1,2618

San Carlos Single-Family Homes Pending Sale

The following single-family homes were put into contract in San Carlos last week. Click on the address of each home to see more details and photos:
AddressList PriceDOM (days)
860 Cedar Street$2,468,00010
1365 Geneva Avenue$1,998,0002
2043 Saint Francis Way$2,198,0009
22 Dickens Court

San Carlos New Single-Family Home Listings

Below are the new listings that hit the market this past week in San Carlos. Click on the address of each home to see more details and photos:
AddressList PriceBR/BASq Ft (home/lot) $/Square FootListed By
153 Devonshire Boulevard$3,500,0004BR/4.5BA3,610/9,387$970Coldwell Banker
1231 Crestview Drive$3,390,0004BR/2.5BA2,270/9,620$1,493Ryker Flint
15 Buckland Court$3,088,0003BR/2.5BA2,196/7,990$1,406Eccleston
22 Dickens Court$2,850,0004BR/2.5BA1,820/13,504$1,566Keller Williams
398 Ashford Avenue$2,798,0004BR/3BA2,144/7,550$1,305Coldwell Banker
1500 Cordilleras Avenue$2,595,0003BR/2BA1,461/6,160$1,493Parc
1365 Geneva Avenue$1,998,0003BR/1.5BA1,260/4,040$1,586Coldwell Banker
270 Vine Street$1,900,0003BR/2BA1,330/5,000$1,429Nichols

Disclaimer: The “San Carlos Week in Review” series is a summary of new listings and home sales in San Carlos for the prior week. The data provided in this report is strictly for informational purposes only, and should not imply that the author was involved in either side of the transaction unless explicitly stated otherwise. The source of this data is the Multiple Listing Service (MLS), so the author is in no way responsible for the accuracy of the data from this source.

Posted in:

Leave a Comment